Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12919 W Grand Ave, Unit 20 Surprise, AZ 85374

    View on Map
    Sponsored
    For Sale
    $148,000

    LAND - Surprise, AZ

    Lot size:
    0.17 Acres
    Days on Market:
    359
    Last Refresh:
    Mar 20 at 11:06 pm

    Property Features for 12919 W Grand Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-C
    APN
    501-19-039
    Fencing
    Chain Link
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Private

    We can help!

    Listing Contact
    Marisela Butanda

    My Home Group

    Listing agent Marisela Butanda

    Listing date Mar 27, 2025

    MLS# 6683337

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land in Surprise, AZ

    This vacant land parcel is located in Surprise, Arizona, within an Opportunity Zone. The property benefits from high traffic flow due to its frontage on U.S. 60 / Grand Ave. The lot is county zoned C-C and city zoned C-2, making it suitable for a small business, office, or retail development. The lot size is approximately 0.1722 acres. A cement slab is located at the back of the property, partially situated on this lot and partially on the adjacent lot facing Market Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.338201
    Latitude
    33.628632

    Nearby Similar for Sale

    • $220,000
      0.06 Acres

      Park Model in Gated Community

      Move-in ready park model in active adult community.
      17200 W Bell Rd, Surprise, AZ 85374
      View Details
    • New
      $209,900
      470 SF

      RV Lot with Arizona Room

      Unique RV lot with versatile Arizona Room in 55+ resort.
      17200 W Bell Rd, Surprise, AZ 85374
      View Details
    • New
      $235,000
      0.06 Acres

      RV Resort Lot with Home

      RV resort lot with stick-built home in active 55+ community.
      17200 W Bell Rd, Surprise, AZ 85374
      View Details
    • $139,900
      0.06 Acres

      Surprise, AZ RV Lot

      Spacious RV lot with renovated shed and golf course views.
      17200 W Bell Rd, Surprise, AZ 85374
      View Details
    • $1,672,000

      Modern Office Building For Sale

      6,204 SF well-maintained office building in prime Phoenix location.
      11325 W Bell Rd, Surprise, AZ 85378
      View Details
    • $2,150,000

      Three-Tenant Office Building For Sale

      Three-tenant office building with income potential and green space.
      11327 W Bell Rd, Surprise, AZ 85378
      View Details
    • $1,070,000
      2,769 SF

      Medical Office Space For Sale

      Well-equipped medical office space with covered parking and prime location.
      14827 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing

      Cactus & Reems Retail Pad

      Shovel-ready retail pad site with drive-thru in Surprise, AZ.
      15433 W Cactus Rd, Surprise, AZ 85379
      View Details
    • Contact for pricing
      4,216 SF

      Fully Occupied Retail Investment Property

      Fully leased retail property with long-term tenants and income growth.
      14081 W Grand Ave, Surprise, AZ
      View Details
    • Contact for pricing
      3,331 SF

      Medical Office Building in Surprise

      9,989 SF medical office building in Surprise, Arizona for sale.
      12329 W Bola Dr, Surprise, AZ 85378
      View Details
    • Contact for pricing

      Freestanding Bank Pad with Drive-Thru

      Freestanding 3,804 SF bank pad with drive-thru for sale.
      17063 W Greenway Rd, Surprise, AZ 85388
      View Details
    • $2,050,000
      4,722 SF

      Prime Surprise Bank Building

      Vacant Bank, Redevelopment Opportunity
      13926 Bell Rd, Surprise, AZ 85374
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant land in Surprise Opportunity Zone, suitable for various businesses.
    Where is this commercial land located?
    The property is located at 12919 W Grand Ave, Unit 20 Surprise, AZ.
    What is the asking price?
    The asking price for this property is $148,000.
    What are key features of this property?
    This property features: - High-traffic location on U.S. 60 / Grand Ave.; - Zoned for commercial use (C-C and C-2); - Suitable for small business, office, or retail
    (602) 622-4879
    Request Owner's contact information
    12919 W Grand Ave, Unit 20 Surprise, AZ 85374
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12919 W Grand Ave, Unit 20
    Surprise, AZ 85374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12919 W Grand Ave, Unit 20 Surprise, AZ 85374
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marisela Butanda
    Real Estate License ID: SA689305000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!